Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Eaton Corp. plc, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term debt	8)	324)	13)	1)	255)
Current portion of long-term debt	1,017)	10)	1,735)	1,047)	248)
Accounts payable	3,365)	3,072)	2,797)	1,987)	2,114)
Accrued compensation	676)	467)	501)	351)	449)
Liabilities held for sale	—)	—)	—)	468)	325)
Other current liabilities	2,681)	2,487)	2,166)	2,027)	1,741)
Current liabilities	7,747)	6,360)	7,212)	5,881)	5,132)
Long-term debt, excluding current portion	8,244)	8,321)	6,831)	7,010)	7,819)
Pension liabilities	768)	649)	872)	1,588)	1,462)
Other postretirement benefits liabilities	180)	177)	263)	330)	328)
Noncurrent operating lease liabilities	533)	459)	337)	326)	331)
Deferred income taxes	402)	530)	559)	277)	396)
Other noncurrent liabilities	1,489)	1,444)	1,502)	1,439)	1,204)
Noncurrent liabilities	11,616)	11,580)	10,364)	10,970)	11,540)
Total liabilities	19,363)	17,940)	17,576)	16,851)	16,672)
Ordinary shares	4)	4)	4)	4)	4)
Capital in excess of par value	12,634)	12,513)	12,449)	12,329)	12,200)
Retained earnings	10,305)	8,468)	7,594)	6,794)	8,170)
Accumulated other comprehensive loss	(3,906)	(3,946)	(3,633)	(4,195)	(4,290)
Shares held in trust	(1)	(1)	(1)	(2)	(2)
Total Eaton shareholders’ equity	19,036)	17,038)	16,413)	14,930)	16,082)
Noncontrolling interests	33)	37)	38)	43)	51)
Total equity	19,069)	17,075)	16,451)	14,973)	16,133)
Total liabilities and equity	38,432)	35,015)	34,027)	31,824)	32,805)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Eaton Corp. plc current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Eaton Corp. plc noncurrent liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Eaton Corp. plc total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total Eaton shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Eaton Corp. plc total Eaton shareholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Eaton Corp. plc (NYSE:ETN)

Balance Sheet: Liabilities and Stockholders’ Equity